ACD Method on GBP/JPY One trade a day | Page 17 | Forex Factory

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ACD Method on GBP/JPY One trade a day

  • #321
  • Feb 3, 2008 5:16pm Feb 3, 2008 5:16pm
Quoting donagh_1

Scott!
You are a legend!

Thank you very much for both of them requests.

My God you were fast with that EA.

Cheers,

Donagh
Well an EA automatically places trades. This is an indicator, i figured that is what you wanted. It goes in the indicator folder of the experts folder like all other indicators. No prob, happy to help.
  • #322
  • Feb 3, 2008 5:30pm Feb 3, 2008 5:30pm
Quoting smjones
Well an EA automatically places trades. This is an indicator, i figured that is what you wanted. It goes in the indicator folder of the experts folder like all other indicators. No prob, happy to help.
Oh Yes..

I knew that of course................Ahem!
(not really)
I got it working anyway.
Cheers
The more I wait the more I make
  • #323
  • Feb 4, 2008 2:23am Feb 4, 2008 2:23am
Just went long at 211.20

Which is way over the A up line of 210.71 but I was waiting 15 minutes.
I was just about to get in a bit earlier at about 210.89 when I had to answer the front door to a delivery man and came back 2 minutes later and thats where the price was.

My stop is way back at 210.00
The more I wait the more I make
  • #324
  • Feb 4, 2008 7:20am Feb 4, 2008 7:20am
Watching trade from work.
It was up 50 pips at one stage but I wasn't able to close half as I need my little code gadget to get into my ib platform. I forgot to set the oco order to close half the trade when up 50. Its looking good at the moment though.
Please don't back fire on me I need some pips to make my P&L look a bit better.
The more I wait the more I make
  • #325
  • Feb 5, 2008 1:27am Feb 5, 2008 1:27am
Closed yestersdays trade last night at 210.52 for a loss of
-68 pips.

i messed up by not taking half my profit at 50 pips up and moving my stop to break even. I had to go out and never set up any orders.

Anyway Ive just gone long on a A up price 211.16
stop 210.50

I am just going to take all my profit if I hit 211.66 (50 pips)
Ive set a limit order at that price.

I need to get wining trade and while this market is so rangey
that is what I am going to do untill we come out of this range with all my trades
The more I wait the more I make
  • #326
  • Feb 5, 2008 4:48am Feb 5, 2008 4:48am
That trade closed out for the +50 pips I was looking for.

Not a lot But anyway I just need to get winning again.
The more I wait the more I make
  • #327
  • Feb 5, 2008 10:23am Feb 5, 2008 10:23am
Just went short on C down signal at 209.85
stop 210.35
The more I wait the more I make
  • #328
  • Feb 5, 2008 7:17pm Feb 5, 2008 7:17pm
Quoting smjones
Here you go. I think this is what the book says (Page 38) for the pivot Range

If you do not want the actual pivot line (Green) to show, just select NONE for the color.
there is allready a indicator here for it.

http://www.forexfactory.com/showpost...10&postcount=4

But the it is given completaly diferent results. Your indicator is using what time hour?
  • #329
  • Edited 8:23pm Feb 5, 2008 8:08pm | Edited 8:23pm
Quoting giraia_br
there is allready a indicator here for it.

http://www.forexfactory.com/showpost...10&postcount=4

But the it is given completaly diferent results. Your indicator is using what time hour?
None, you are misinformed what this indicator is. It is a pivot range indicator, not a ACD indicator. as per page 38

Please read Chapter 2 The Pivot Concept. Then you will understand what this is.

The ACD2 indicator you listed in the link does not use the daily high,low,close/3 it uses a start and stop time. this is not correct. Please read the formula on page 38 to make it clear. Mine is correct in the math. if you look at the code, it is clear that the ACD2 and the ACD3 pivot indicators in the link lose 2 hours of data every day. From 21:00 to 00:00. This time range is not counted by the indicator. In the book it is required that the entire day is computed for the high and the low and the close and the median.

If you would like to use the ACD2 or the ACD3 listed in the link. According to the code, if you place 00:00 as the start time and 23:59 as the end time, that should work correctly. But not 21:00 to 21:00 as it is coded in the external inputs. I suspect the programmer did this because he wanted a pivot time that was other than his internal broker time.
  • #330
  • Feb 6, 2008 1:40am Feb 6, 2008 1:40am
Quoting donagh_1
Just went short on C down signal at 209.85
stop 210.35
I actyally closed this trade shortly after putting it on for a +10 pip profit and as it turned out was the right thing to do as I had put my stop loss too tight.

Ive just gone short on A down at price 209.03 - stop at 209.48 nice and tight stop for a change so I decided to go short gbp/usd also at 1.9628 stop at 1.9660
The more I wait the more I make
  • #331
  • Feb 6, 2008 1:59am Feb 6, 2008 1:59am
Quoting donagh_1
I actyally closed this trade shortly after putting it on for a +10 pip profit and as it turned out was the right thing to do as I had put my stop loss too tight.

Ive just gone short on A down at price 209.03 - stop at 209.48 nice and tight stop for a change so I decided to go short gbp/usd also at 1.9628 stop at 1.9660

What the heck I just closed out all my positions I need the money.

Closed gbp/jpy at 208.16 for +87 pips
closed gbp/usd at 1.958 for +70 pip

total for today +157 pips

Happy days I'm going back to bed for a wee while
The more I wait the more I make
  • #332
  • Feb 6, 2008 8:30am Feb 6, 2008 8:30am
Quoting smjones
None, you are misinformed what this indicator is. It is a pivot range indicator, not a ACD indicator. as per page 38

Please read Chapter 2 The Pivot Concept. Then you will understand what this is.

The ACD2 indicator you listed in the link does not use the daily high,low,close/3 it uses a start and stop time. this is not correct. Please read the formula on page 38 to make it clear. Mine is correct in the math. if you look at the code, it is clear that the ACD2 and the ACD3 pivot indicators in the link lose 2 hours of data every day. From 21:00 to 00:00. This time range is not counted by the indicator. In the book it is required that the entire day is computed for the high and the low and the close and the median.

If you would like to use the ACD2 or the ACD3 listed in the link. According to the code, if you place 00:00 as the start time and 23:59 as the end time, that should work correctly. But not 21:00 to 21:00 as it is coded in the external inputs. I suspect the programmer did this because he wanted a pivot time that was other than his internal broker time.
i understand that both indicator are for Dayli Pivot Range. But even using 0:00 to 23:59 the results are different.

but ok, i will use your indicator and abandon the other. Whant broker/MT4 do you use? see the big differences using Interbak and North Finance:

many thanks
Attached Images
  • #333
  • Feb 6, 2008 9:47am Feb 6, 2008 9:47am
Quoting giraia_br
i understand that both indicator are for Dayli Pivot Range. But even using 0:00 to 23:59 the results are different.

but ok, i will use your indicator and abandon the other. Whant broker/MT4 do you use? see the big differences using Interbak and North Finance:

many thanks
Hi Giraia,

Scotts indicator is perfect as I've done the math to test it. I have an excell sheet which calculates the pivot range for me which I sometimes use but I just don't know how to code an indicator. His indicator matches my excell sheet to the decimal.

By the way Im a big pink floyd fan myself and love that album wish you were here.

Later dude...
The more I wait the more I make
  • #334
  • Feb 6, 2008 11:35am Feb 6, 2008 11:35am
Quoting donagh_1
Hi Giraia,

Scotts indicator is perfect as I've done the math to test it. I have an excell sheet which calculates the pivot range for me which I sometimes use but I just don't know how to code an indicator. His indicator matches my excell sheet to the decimal.

By the way Im a big pink floyd fan myself and love that album wish you were here.

Later dude...
but whit wich broker you are using his indicator? please, could you post the excel file? i need to admite that i did not read the thread. I am reading the book one more time because i am bad with math/logic. Then i will read the entire thread.

about Pink Floyd, only the best people like Pink Floyd as i said before in a MuddBuddha thread. I think is because of it he vouched for me for 1k lol (btw. i really don't deserve it as i even can't trade profitable).

thanks for the answer and for the thread donagh. and sorry for my bad english.
  • #335
  • Feb 6, 2008 1:04pm Feb 6, 2008 1:04pm
Quoting giraia_br
but whit wich broker you are using his indicator? please, could you post the excel file? i need to admite that i did not read the thread. I am reading the book one more time because i am bad with math/logic. Then i will read the entire thread.

about Pink Floyd, only the best people like Pink Floyd as i said before in a MuddBuddha thread. I think is because of it he vouched for me for 1k lol (btw. i really don't deserve it as i even can't trade profitable).

thanks for the answer and for the thread donagh. and sorry for my bad english.
Hey Giraia,

I see you are from Brazil.
Your football team are playing mine(Ireland) in my home town Dublin
In about 45 minutes. Our whole country is really excited about it. Even though we will lose.
Oh yeah I use odl metatrader
Later
Attached File(s)
File Type: xls Pivot Calculation.xls   19 KB | 373 downloads
The more I wait the more I make
  • #336
  • Feb 6, 2008 1:24pm Feb 6, 2008 1:24pm
Quoting donagh_1
Hey Giraia,

I see you are from Brazil.
Your football team are playing mine(Ireland) in my home town Dublin
In about 45 minutes. Our whole country is really excited about it. Even though we will lose.
Oh yeah I use odl metatrader
Later

many thanks donagh.

and in football never there big favorites
  • #337
  • Feb 7, 2008 12:17am Feb 7, 2008 12:17am
Donagh

Do you use the 2:30 opening, in other words, the 1:59:59 closing to calculate the P-range... Or simply the midnight ?
  • #338
  • Feb 7, 2008 1:38am Feb 7, 2008 1:38am
Quoting galis
Donagh

Do you use the 2:30 opening, in other words, the 1:59:59 closing to calculate the P-range... Or simply the midnight ?
I use midnight but It could be interesting to try 1:59:59.
to see how that looks as I'm not mad about the usefulness of the pivot range.
The more I wait the more I make
  • #339
  • Feb 7, 2008 2:00am Feb 7, 2008 2:00am
I use odl Metatrader for my charts but Its not working this morning.

Im using my old Oanda demo acount for charts instead so I've only just drawn my opening range and A lines. looks like there was a A up earlier
but Im not jumping in because It was a very weak atempt.

Im very cautious about any trades I enter today and think it will be a tight trading range untill the interest rate statement.

I might not trade untill after that. The market is also moving very slowly this morning. One thing that the ACD system needs as Fisher says is Intra day volitility.
The more I wait the more I make
  • #340
  • Feb 8, 2008 1:19am Feb 8, 2008 1:19am
I didn't trade yesterday and well there was some big moves.

I just went long at 209.17
Stop 208.40

I will watch closely to see when to close or to close some.
The more I wait the more I make
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